Apco reports first-quarter 2010 results

Apco Oil and Gas International has announced unaudited quarterly net income attributable to Apco of $4m (£2.7m), or $0.14 cents per share, compared with first-quarter 2009 net income of $5m, or $0.17 cents per share.

Compared with first-quarter 2009, operating revenues increased by $2.6m. Revenues during the period were higher due to the benefits of increased average sales prices for all of Apco’s products and greater natural gas and LPG sales volumes.